QBE Withdraws A$8.7 Billion Offer for Insurance Australia Group (Bloomberg.com)
May 21 (Bloomberg) -- QBE Insurance Group Ltd. withdrew its A$8.7 billion ($8.3 billion) offer for Insurance Australia Group Ltd. after two increases in the bid failed to sway management at the nation's largest auto and home insurer.

Insurance Australia Falls After QBE Withdraws Offer (Update3) (Bloomberg.com)
May 21 (Bloomberg) -- Insurance Australia Group Ltd. fell the most in two months in Sydney trading after QBE Insurance Group Ltd. scrapped an A$8.7 billion ($8.3 billion) offer that was rejected by the nation's largest auto and home insurer.